#banknifty analysis for 15th April:- Decision Line:- 31,913 Resistance Zone:- 32,242 / 32,544 / 32,710 Support:- 31,584 / 31,319 / 31,117 / 30,520 The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 33,300 levels. One of the best forms of PA action is not to predict but to act on the price, chart tells you...
#banknifty analysis for 13th April:- The last 6 months trendline broke today with a gap down of 444 points, which can't be worse than this. If the breakdown holds & is valid, we move toward the 27,700 to 25,500 zone. I am posting what I am seeing on the chart, which is tough for me to believe as well. Decision Zone:- 30,842 - 31,042 Resistance Zone:- 31,404 /...
#banknifty analysis for 12th April:- Decision Zone:- 32,560 - 32,650 Resistance Zone:- 32,830 / 32,950 / 33,250 / 33,512 / 33,700 / 33,990 Support:- 32,400 / 32,100 / 31,750 - 31,850 / 29,700 There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see. The index might take support from the long trend...
#banknifty analysis for 9th April:- Decision Zone:- 32,875 - 32,918 Resistance Zone:- 33,250 / 33,512 / 33,700 / 33,990 Support:- 32,665 / 32,400 / 32,100 / 31,800 - 31,950 There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see. The index might take support from the long trend line, approx area...
#banknifty analysis for 8th April:-#expiry Decision Zone:- 32,875 - 33,045 Resistance Zone:- 32,250 / 33,512 / 33,700 / 33,990 Support:- 32,665 / 32,400 / 32,100 / 31,800 - 31,950 There is lots of information in the analysis:- Just need to watch with open eyes and post on comments what you see.
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...
#banknifty analysis for 5th April:- Decision Zone:- 33,650 - 33,825 Resistance Zone:- 33,990 / 34,360 / 34,566 / 34,650 - 34,750 / 35,020 Support:- 33,750 / 33,520 / 33,320 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 35,500, follwed up to 36,500. On lower time...
Inverted H&S pattern detected the pattern gives a fibonachi targets mentioned on the chart.
#banknifty analysis for 1st April:- Decision Zone:- 33,411 - 33,527 Resistance Zone:- 33,698 / 33,990 / 34,360 / 34,650 / 35,100 Support:- 33,310 /33,175 / 33,050 / 32,751 / 32,500 / 31,600 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500. One of the best forms of...
#banknifty analysis for 31th Mar:- Decision Zone:- 33,808 - 33,990 Resistance Zone:- 34,360 / 34,650 / 35,100 Support:- 33,600 / 33,361 /33,175 / 33,050 / 32,831 We have mount Everest seating at 34,360 - 34,650 zone, where sell-off might trigger again and if these levels are crossed, we might see 36,500. One of the best forms of PA action is not to predict...
Key levels of Banknifty for tomorrow (Mar 31, 2021)
#banknifty analysis for 30th Mar:- We can say that short term and the medium-term trend is down because the index is trading below its 20 & 50 EMA lines (34,492 / 34020), however, the longer-term trend is still up as we are above rising 100 & 200 SMA (32,135 / 37,270) and there is no negative crossover. As per Dow Theory, we are making constant lower low & lower...
Bank Nifty levels for Long term for next 2 months
#banknifty analysis for 25th Mar:- #expiry Decision Zone:- 33,390 -33,490 Resistance Zone:- 33,700 / 34,275 Support:- 33,000 / 32,751 - 32,877 / 32,488 / 32,050. Daily closing below gap of 33,305 - 33,583 is not at all a good sign, the next support is 32,877 (breakout restest) & 32,751 (61.8% of the fall)zone if this fails to hold we move back to 31,404 (last...
#banknifty analysis for 24th Mar:- Decision Zone:- 34,055 - 34,117 Resistance Zone:- 34,430 - 34,639 ,34,900 / 35,300 Support:- 33,850/ 33,583 / 33,305 / 32,751 The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,361. 38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if...